The report assesses the performance of Thailand's fiscal institutions, in responding to the pressures of the economic crisis, and its likely performance in meeting the challenges of the new Constitution, and in modernizing the public sector. It builds on the analysis conducted to design the...

The Thai economy weathered both domestic and external shocks last year and will also do so this year. Real GDP last year grew by 6.1 percent despite higher oil prices, the Avian Influenza, and the unrest in the far South, which had adversely affected household confidence and consumption as well...

A solid financial armor could not protect Thailand against the impact of the global financial crisis on its real economy. Despite a sound banking system and low external vulnerabilities, the Thai economy contracted 5.7 percent between October 2008 and March 2009, as the magnitude and speed of...

Growth has slowed down since the second quarter, but exceeded expectations. Considering the 1) political turmoil; 2) robust growth during the rebound; and 3) slowdown in advanced economies, the Thai economy was expected to contract by more than it did in the second and third quarters. The output...

The Thai economy runs on a single engine: external demand. The economic roller coaster since the onset of the global financial crisis can be overwhelmingly attributed to fluctuations in the output of three sectors most sensitive to external demand: manufacturing, logistics (transportation and...

The pace of economic activity is gradually returning to pre-crisis levels. After a roller-coaster of sharp drops, vigorous rebounds and mild contractions, Gross Domestic Product (GDP) was up 4.8 percent in the last quarter of 2010 on a seasonally-adjusted annualized (SAAR) basis, closer to...